IMARC Group, a leading market research company, has recently releases report titled “Small Bore Connectors Market Report by Product, Application, End User, and Region 2023-2028” The study provides a detailed analysis of the industry, including the global small bore connectors market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the small bore connectors market?
The global small bore connectors market size reached US$ 565.2 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 776.9 Million by 2028, exhibiting a growth rate (CAGR) of 5.3% during 2023-2028.
What are small bore connectors?
Small bore connectors refer to compact, standardized medical fittings that ensure a secure and safe connection between medical devices, such as syringes, catheters, and tubes. They play a crucial role in preventing misconnections and enhancing patient safety by reducing the risk of inadvertent cross-connections. They are designed with distinct shapes, colors, and locking mechanisms to prevent incompatible devices from being connected, mitigating the potential for medical errors. Small bore connectors contribute to reducing the occurrence of adverse events, enhancing patient care, and establishing standardized practices across medical settings. As a result, small bore connectors find extensive applications in healthcare settings across the globe as they ensure safe and accurate connections between medical devices.
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What are the growth prospects and trends in the small bore connectors industry?
The global small-bore connectors market is primarily driven by the increasing emphasis on patient safety and preventing medical errors, as small-bore connectors play a critical role in reducing the risk of misconnections between medical devices, thus enhancing patient care. Moreover, the rising standardization of small-bore connectors according to international guidelines, such as ISO 80369, is propelling market growth by ensuring compatibility and reducing the likelihood of cross-contamination. Additionally, the growing demand for efficient and streamlined healthcare practices and numerous advancements in medical device technology has accelerated the adoption of small-bore connectors. Furthermore, the escalating adoption of small-bore connectors in healthcare facilities to optimize processes and ensure patient well-being is contributing to market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product:
- Liquid Bore Connectors
- Gas Bore Connectors
Breakup by Application:
Breakup by End User:
- Home Care Settings
Breakup by Region:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
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Who are the key players operating in the industry?
The report covers the major market players including:
- Braun Melsungen AG
- Becton Dickinson and Company
- Elcam Medical
- ICU Medical Inc.
- Merck KGaA
- Nordson Corporation
- Qosina Corp.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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